The Low Carbon Fuel Standard (LCFS) is a performance-based regulation adopted in California in 2009 that requires regulated parties (e.g., oil producers and importers to California) to reduce the carbon intensity (CI) of their fuel mix by at least 10% by 2020. It sets declining annual targets,...

• California’s low-carbon fuel market is growing. • Regulated parties in the State’s LCFS exceeded the requirements for 2011 and Q1 of 2012 by a substantial margin. • Based on available data, average compliance cost in August 2012 is $13/MT CO2e, adding about 0.1 cents per gallon to...

Petroleum fuels make up essentially all of the transportation fuels used today. But fossil fuel use has many economic and environmental downsides, including a weakening of our energy security due to reliance on imported energy sources, air pollution that impacts health, and greenhouse gas (GHG)...